Reducing balance
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. For a zero-interest loan, EMI is simply P ÷ n.
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Loan EMI, made clear.
Calculate your monthly EMI, total interest and repayment schedule for a home, car or personal loan in seconds.
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Preset values are illustrative examples, not current lender rates.
Loan tenure repayment period
years
1 year30 yearsShow tenure in
Your estimated monthly EMI
₹43,391/ month
Principal amount
₹50,00,000
Total interest
₹54,13,879
Total repayment
₹1,04,13,879
Interest share
51.99%
of total repayment
Principal 48.01%Interest 51.99%
Repayment timeline
Amortization schedule
Expand a year to see the monthly split.
Year 1Opening₹50,00,000Principal₹99,511Interest₹4,21,182Payment₹5,20,694Closing₹49,00,489
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 1 | ₹50,00,000 | ₹7,974 | ₹35,417 | ₹43,391 | ₹49,92,026 |
| 2 | ₹49,92,026 | ₹8,031 | ₹35,360 | ₹43,391 | ₹49,83,995 |
| 3 | ₹49,83,995 | ₹8,088 | ₹35,303 | ₹43,391 | ₹49,75,907 |
| 4 | ₹49,75,907 | ₹8,145 | ₹35,246 | ₹43,391 | ₹49,67,762 |
| 5 | ₹49,67,762 | ₹8,203 | ₹35,188 | ₹43,391 | ₹49,59,559 |
| 6 | ₹49,59,559 | ₹8,261 | ₹35,130 | ₹43,391 | ₹49,51,298 |
| 7 | ₹49,51,298 | ₹8,319 | ₹35,072 | ₹43,391 | ₹49,42,978 |
| 8 | ₹49,42,978 | ₹8,378 | ₹35,013 | ₹43,391 | ₹49,34,600 |
| 9 | ₹49,34,600 | ₹8,438 | ₹34,953 | ₹43,391 | ₹49,26,162 |
| 10 | ₹49,26,162 | ₹8,498 | ₹34,894 | ₹43,391 | ₹49,17,665 |
| 11 | ₹49,17,665 | ₹8,558 | ₹34,833 | ₹43,391 | ₹49,09,107 |
| 12 | ₹49,09,107 | ₹8,618 | ₹34,773 | ₹43,391 | ₹49,00,489 |
Year 2Opening₹49,00,489Principal₹1,08,307Interest₹4,12,387Payment₹5,20,694Closing₹47,92,181
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 13 | ₹49,00,489 | ₹8,679 | ₹34,712 | ₹43,391 | ₹48,91,809 |
| 14 | ₹48,91,809 | ₹8,741 | ₹34,650 | ₹43,391 | ₹48,83,068 |
| 15 | ₹48,83,068 | ₹8,803 | ₹34,588 | ₹43,391 | ₹48,74,266 |
| 16 | ₹48,74,266 | ₹8,865 | ₹34,526 | ₹43,391 | ₹48,65,400 |
| 17 | ₹48,65,400 | ₹8,928 | ₹34,463 | ₹43,391 | ₹48,56,473 |
| 18 | ₹48,56,473 | ₹8,991 | ₹34,400 | ₹43,391 | ₹48,47,481 |
| 19 | ₹48,47,481 | ₹9,055 | ₹34,336 | ₹43,391 | ₹48,38,427 |
| 20 | ₹48,38,427 | ₹9,119 | ₹34,272 | ₹43,391 | ₹48,29,308 |
| 21 | ₹48,29,308 | ₹9,184 | ₹34,208 | ₹43,391 | ₹48,20,124 |
| 22 | ₹48,20,124 | ₹9,249 | ₹34,143 | ₹43,391 | ₹48,10,875 |
| 23 | ₹48,10,875 | ₹9,314 | ₹34,077 | ₹43,391 | ₹48,01,561 |
| 24 | ₹48,01,561 | ₹9,380 | ₹34,011 | ₹43,391 | ₹47,92,181 |
Year 3Opening₹47,92,181Principal₹1,17,881Interest₹4,02,813Payment₹5,20,694Closing₹46,74,300
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 25 | ₹47,92,181 | ₹9,447 | ₹33,945 | ₹43,391 | ₹47,82,735 |
| 26 | ₹47,82,735 | ₹9,513 | ₹33,878 | ₹43,391 | ₹47,73,221 |
| 27 | ₹47,73,221 | ₹9,581 | ₹33,810 | ₹43,391 | ₹47,63,640 |
| 28 | ₹47,63,640 | ₹9,649 | ₹33,742 | ₹43,391 | ₹47,53,992 |
| 29 | ₹47,53,992 | ₹9,717 | ₹33,674 | ₹43,391 | ₹47,44,275 |
| 30 | ₹47,44,275 | ₹9,786 | ₹33,605 | ₹43,391 | ₹47,34,489 |
| 31 | ₹47,34,489 | ₹9,855 | ₹33,536 | ₹43,391 | ₹47,24,633 |
| 32 | ₹47,24,633 | ₹9,925 | ₹33,466 | ₹43,391 | ₹47,14,708 |
| 33 | ₹47,14,708 | ₹9,995 | ₹33,396 | ₹43,391 | ₹47,04,713 |
| 34 | ₹47,04,713 | ₹10,066 | ₹33,325 | ₹43,391 | ₹46,94,647 |
| 35 | ₹46,94,647 | ₹10,137 | ₹33,254 | ₹43,391 | ₹46,84,510 |
| 36 | ₹46,84,510 | ₹10,209 | ₹33,182 | ₹43,391 | ₹46,74,300 |
Year 4Opening₹46,74,300Principal₹1,28,300Interest₹3,92,394Payment₹5,20,694Closing₹45,46,000
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 37 | ₹46,74,300 | ₹10,282 | ₹33,110 | ₹43,391 | ₹46,64,019 |
| 38 | ₹46,64,019 | ₹10,354 | ₹33,037 | ₹43,391 | ₹46,53,665 |
| 39 | ₹46,53,665 | ₹10,428 | ₹32,963 | ₹43,391 | ₹46,43,237 |
| 40 | ₹46,43,237 | ₹10,502 | ₹32,890 | ₹43,391 | ₹46,32,735 |
| 41 | ₹46,32,735 | ₹10,576 | ₹32,815 | ₹43,391 | ₹46,22,159 |
| 42 | ₹46,22,159 | ₹10,651 | ₹32,740 | ₹43,391 | ₹46,11,508 |
| 43 | ₹46,11,508 | ₹10,726 | ₹32,665 | ₹43,391 | ₹46,00,782 |
| 44 | ₹46,00,782 | ₹10,802 | ₹32,589 | ₹43,391 | ₹45,89,980 |
| 45 | ₹45,89,980 | ₹10,879 | ₹32,512 | ₹43,391 | ₹45,79,101 |
| 46 | ₹45,79,101 | ₹10,956 | ₹32,435 | ₹43,391 | ₹45,68,145 |
| 47 | ₹45,68,145 | ₹11,033 | ₹32,358 | ₹43,391 | ₹45,57,112 |
| 48 | ₹45,57,112 | ₹11,112 | ₹32,280 | ₹43,391 | ₹45,46,000 |
Year 5Opening₹45,46,000Principal₹1,39,641Interest₹3,81,053Payment₹5,20,694Closing₹44,06,359
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 49 | ₹45,46,000 | ₹11,190 | ₹32,201 | ₹43,391 | ₹45,34,810 |
| 50 | ₹45,34,810 | ₹11,270 | ₹32,122 | ₹43,391 | ₹45,23,540 |
| 51 | ₹45,23,540 | ₹11,349 | ₹32,042 | ₹43,391 | ₹45,12,191 |
| 52 | ₹45,12,191 | ₹11,430 | ₹31,961 | ₹43,391 | ₹45,00,761 |
| 53 | ₹45,00,761 | ₹11,511 | ₹31,880 | ₹43,391 | ₹44,89,250 |
| 54 | ₹44,89,250 | ₹11,592 | ₹31,799 | ₹43,391 | ₹44,77,658 |
| 55 | ₹44,77,658 | ₹11,674 | ₹31,717 | ₹43,391 | ₹44,65,983 |
| 56 | ₹44,65,983 | ₹11,757 | ₹31,634 | ₹43,391 | ₹44,54,226 |
| 57 | ₹44,54,226 | ₹11,840 | ₹31,551 | ₹43,391 | ₹44,42,386 |
| 58 | ₹44,42,386 | ₹11,924 | ₹31,467 | ₹43,391 | ₹44,30,462 |
| 59 | ₹44,30,462 | ₹12,009 | ₹31,382 | ₹43,391 | ₹44,18,453 |
| 60 | ₹44,18,453 | ₹12,094 | ₹31,297 | ₹43,391 | ₹44,06,359 |
Year 6Opening₹44,06,359Principal₹1,51,984Interest₹3,68,710Payment₹5,20,694Closing₹42,54,375
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 61 | ₹44,06,359 | ₹12,179 | ₹31,212 | ₹43,391 | ₹43,94,180 |
| 62 | ₹43,94,180 | ₹12,266 | ₹31,125 | ₹43,391 | ₹43,81,914 |
| 63 | ₹43,81,914 | ₹12,353 | ₹31,039 | ₹43,391 | ₹43,69,561 |
| 64 | ₹43,69,561 | ₹12,440 | ₹30,951 | ₹43,391 | ₹43,57,121 |
| 65 | ₹43,57,121 | ₹12,528 | ₹30,863 | ₹43,391 | ₹43,44,593 |
| 66 | ₹43,44,593 | ₹12,617 | ₹30,774 | ₹43,391 | ₹43,31,976 |
| 67 | ₹43,31,976 | ₹12,706 | ₹30,685 | ₹43,391 | ₹43,19,270 |
| 68 | ₹43,19,270 | ₹12,796 | ₹30,595 | ₹43,391 | ₹43,06,473 |
| 69 | ₹43,06,473 | ₹12,887 | ₹30,504 | ₹43,391 | ₹42,93,586 |
| 70 | ₹42,93,586 | ₹12,978 | ₹30,413 | ₹43,391 | ₹42,80,608 |
| 71 | ₹42,80,608 | ₹13,070 | ₹30,321 | ₹43,391 | ₹42,67,538 |
| 72 | ₹42,67,538 | ₹13,163 | ₹30,228 | ₹43,391 | ₹42,54,375 |
Year 7Opening₹42,54,375Principal₹1,65,418Interest₹3,55,276Payment₹5,20,694Closing₹40,88,957
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 73 | ₹42,54,375 | ₹13,256 | ₹30,135 | ₹43,391 | ₹42,41,119 |
| 74 | ₹42,41,119 | ₹13,350 | ₹30,041 | ₹43,391 | ₹42,27,769 |
| 75 | ₹42,27,769 | ₹13,444 | ₹29,947 | ₹43,391 | ₹42,14,325 |
| 76 | ₹42,14,325 | ₹13,540 | ₹29,851 | ₹43,391 | ₹42,00,785 |
| 77 | ₹42,00,785 | ₹13,636 | ₹29,756 | ₹43,391 | ₹41,87,150 |
| 78 | ₹41,87,150 | ₹13,732 | ₹29,659 | ₹43,391 | ₹41,73,417 |
| 79 | ₹41,73,417 | ₹13,829 | ₹29,562 | ₹43,391 | ₹41,59,588 |
| 80 | ₹41,59,588 | ₹13,927 | ₹29,464 | ₹43,391 | ₹41,45,661 |
| 81 | ₹41,45,661 | ₹14,026 | ₹29,365 | ₹43,391 | ₹41,31,634 |
| 82 | ₹41,31,634 | ₹14,125 | ₹29,266 | ₹43,391 | ₹41,17,509 |
| 83 | ₹41,17,509 | ₹14,225 | ₹29,166 | ₹43,391 | ₹41,03,284 |
| 84 | ₹41,03,284 | ₹14,326 | ₹29,065 | ₹43,391 | ₹40,88,957 |
Year 8Opening₹40,88,957Principal₹1,80,039Interest₹3,40,655Payment₹5,20,694Closing₹39,08,918
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 85 | ₹40,88,957 | ₹14,428 | ₹28,963 | ₹43,391 | ₹40,74,530 |
| 86 | ₹40,74,530 | ₹14,530 | ₹28,861 | ₹43,391 | ₹40,60,000 |
| 87 | ₹40,60,000 | ₹14,633 | ₹28,758 | ₹43,391 | ₹40,45,367 |
| 88 | ₹40,45,367 | ₹14,736 | ₹28,655 | ₹43,391 | ₹40,30,630 |
| 89 | ₹40,30,630 | ₹14,841 | ₹28,550 | ₹43,391 | ₹40,15,790 |
| 90 | ₹40,15,790 | ₹14,946 | ₹28,445 | ₹43,391 | ₹40,00,844 |
| 91 | ₹40,00,844 | ₹15,052 | ₹28,339 | ₹43,391 | ₹39,85,792 |
| 92 | ₹39,85,792 | ₹15,158 | ₹28,233 | ₹43,391 | ₹39,70,633 |
| 93 | ₹39,70,633 | ₹15,266 | ₹28,125 | ₹43,391 | ₹39,55,367 |
| 94 | ₹39,55,367 | ₹15,374 | ₹28,017 | ₹43,391 | ₹39,39,993 |
| 95 | ₹39,39,993 | ₹15,483 | ₹27,908 | ₹43,391 | ₹39,24,511 |
| 96 | ₹39,24,511 | ₹15,593 | ₹27,799 | ₹43,391 | ₹39,08,918 |
Year 9Opening₹39,08,918Principal₹1,95,953Interest₹3,24,741Payment₹5,20,694Closing₹37,12,965
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 97 | ₹39,08,918 | ₹15,703 | ₹27,688 | ₹43,391 | ₹38,93,215 |
| 98 | ₹38,93,215 | ₹15,814 | ₹27,577 | ₹43,391 | ₹38,77,401 |
| 99 | ₹38,77,401 | ₹15,926 | ₹27,465 | ₹43,391 | ₹38,61,475 |
| 100 | ₹38,61,475 | ₹16,039 | ₹27,352 | ₹43,391 | ₹38,45,435 |
| 101 | ₹38,45,435 | ₹16,153 | ₹27,239 | ₹43,391 | ₹38,29,283 |
| 102 | ₹38,29,283 | ₹16,267 | ₹27,124 | ₹43,391 | ₹38,13,016 |
| 103 | ₹38,13,016 | ₹16,382 | ₹27,009 | ₹43,391 | ₹37,96,633 |
| 104 | ₹37,96,633 | ₹16,498 | ₹26,893 | ₹43,391 | ₹37,80,135 |
| 105 | ₹37,80,135 | ₹16,615 | ₹26,776 | ₹43,391 | ₹37,63,520 |
| 106 | ₹37,63,520 | ₹16,733 | ₹26,658 | ₹43,391 | ₹37,46,787 |
| 107 | ₹37,46,787 | ₹16,851 | ₹26,540 | ₹43,391 | ₹37,29,936 |
| 108 | ₹37,29,936 | ₹16,971 | ₹26,420 | ₹43,391 | ₹37,12,965 |
Year 10Opening₹37,12,965Principal₹2,13,274Interest₹3,07,420Payment₹5,20,694Closing₹34,99,691
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 109 | ₹37,12,965 | ₹17,091 | ₹26,300 | ₹43,391 | ₹36,95,874 |
| 110 | ₹36,95,874 | ₹17,212 | ₹26,179 | ₹43,391 | ₹36,78,662 |
| 111 | ₹36,78,662 | ₹17,334 | ₹26,057 | ₹43,391 | ₹36,61,328 |
| 112 | ₹36,61,328 | ₹17,457 | ₹25,934 | ₹43,391 | ₹36,43,871 |
| 113 | ₹36,43,871 | ₹17,580 | ₹25,811 | ₹43,391 | ₹36,26,291 |
| 114 | ₹36,26,291 | ₹17,705 | ₹25,686 | ₹43,391 | ₹36,08,586 |
| 115 | ₹36,08,586 | ₹17,830 | ₹25,561 | ₹43,391 | ₹35,90,755 |
| 116 | ₹35,90,755 | ₹17,957 | ₹25,435 | ₹43,391 | ₹35,72,799 |
| 117 | ₹35,72,799 | ₹18,084 | ₹25,307 | ₹43,391 | ₹35,54,715 |
| 118 | ₹35,54,715 | ₹18,212 | ₹25,179 | ₹43,391 | ₹35,36,503 |
| 119 | ₹35,36,503 | ₹18,341 | ₹25,050 | ₹43,391 | ₹35,18,162 |
| 120 | ₹35,18,162 | ₹18,471 | ₹24,920 | ₹43,391 | ₹34,99,691 |
Year 11Opening₹34,99,691Principal₹2,32,125Interest₹2,88,569Payment₹5,20,694Closing₹32,67,566
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 121 | ₹34,99,691 | ₹18,602 | ₹24,789 | ₹43,391 | ₹34,81,089 |
| 122 | ₹34,81,089 | ₹18,733 | ₹24,658 | ₹43,391 | ₹34,62,356 |
| 123 | ₹34,62,356 | ₹18,866 | ₹24,525 | ₹43,391 | ₹34,43,490 |
| 124 | ₹34,43,490 | ₹19,000 | ₹24,391 | ₹43,391 | ₹34,24,490 |
| 125 | ₹34,24,490 | ₹19,134 | ₹24,257 | ₹43,391 | ₹34,05,356 |
| 126 | ₹34,05,356 | ₹19,270 | ₹24,121 | ₹43,391 | ₹33,86,086 |
| 127 | ₹33,86,086 | ₹19,406 | ₹23,985 | ₹43,391 | ₹33,66,679 |
| 128 | ₹33,66,679 | ₹19,544 | ₹23,847 | ₹43,391 | ₹33,47,136 |
| 129 | ₹33,47,136 | ₹19,682 | ₹23,709 | ₹43,391 | ₹33,27,453 |
| 130 | ₹33,27,453 | ₹19,822 | ₹23,569 | ₹43,391 | ₹33,07,632 |
| 131 | ₹33,07,632 | ₹19,962 | ₹23,429 | ₹43,391 | ₹32,87,670 |
| 132 | ₹32,87,670 | ₹20,104 | ₹23,288 | ₹43,391 | ₹32,67,566 |
Year 12Opening₹32,67,566Principal₹2,52,643Interest₹2,68,051Payment₹5,20,694Closing₹30,14,923
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 133 | ₹32,67,566 | ₹20,246 | ₹23,145 | ₹43,391 | ₹32,47,320 |
| 134 | ₹32,47,320 | ₹20,389 | ₹23,002 | ₹43,391 | ₹32,26,931 |
| 135 | ₹32,26,931 | ₹20,534 | ₹22,857 | ₹43,391 | ₹32,06,397 |
| 136 | ₹32,06,397 | ₹20,679 | ₹22,712 | ₹43,391 | ₹31,85,718 |
| 137 | ₹31,85,718 | ₹20,826 | ₹22,566 | ₹43,391 | ₹31,64,892 |
| 138 | ₹31,64,892 | ₹20,973 | ₹22,418 | ₹43,391 | ₹31,43,919 |
| 139 | ₹31,43,919 | ₹21,122 | ₹22,269 | ₹43,391 | ₹31,22,797 |
| 140 | ₹31,22,797 | ₹21,271 | ₹22,120 | ₹43,391 | ₹31,01,526 |
| 141 | ₹31,01,526 | ₹21,422 | ₹21,969 | ₹43,391 | ₹30,80,104 |
| 142 | ₹30,80,104 | ₹21,574 | ₹21,817 | ₹43,391 | ₹30,58,530 |
| 143 | ₹30,58,530 | ₹21,727 | ₹21,665 | ₹43,391 | ₹30,36,804 |
| 144 | ₹30,36,804 | ₹21,880 | ₹21,511 | ₹43,391 | ₹30,14,923 |
Year 13Opening₹30,14,923Principal₹2,74,974Interest₹2,45,720Payment₹5,20,694Closing₹27,39,949
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 145 | ₹30,14,923 | ₹22,035 | ₹21,356 | ₹43,391 | ₹29,92,888 |
| 146 | ₹29,92,888 | ₹22,192 | ₹21,200 | ₹43,391 | ₹29,70,696 |
| 147 | ₹29,70,696 | ₹22,349 | ₹21,042 | ₹43,391 | ₹29,48,347 |
| 148 | ₹29,48,347 | ₹22,507 | ₹20,884 | ₹43,391 | ₹29,25,840 |
| 149 | ₹29,25,840 | ₹22,666 | ₹20,725 | ₹43,391 | ₹29,03,174 |
| 150 | ₹29,03,174 | ₹22,827 | ₹20,564 | ₹43,391 | ₹28,80,347 |
| 151 | ₹28,80,347 | ₹22,989 | ₹20,402 | ₹43,391 | ₹28,57,358 |
| 152 | ₹28,57,358 | ₹23,152 | ₹20,240 | ₹43,391 | ₹28,34,207 |
| 153 | ₹28,34,207 | ₹23,316 | ₹20,076 | ₹43,391 | ₹28,10,891 |
| 154 | ₹28,10,891 | ₹23,481 | ₹19,910 | ₹43,391 | ₹27,87,410 |
| 155 | ₹27,87,410 | ₹23,647 | ₹19,744 | ₹43,391 | ₹27,63,763 |
| 156 | ₹27,63,763 | ₹23,815 | ₹19,577 | ₹43,391 | ₹27,39,949 |
Year 14Opening₹27,39,949Principal₹2,99,279Interest₹2,21,415Payment₹5,20,694Closing₹24,40,670
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 157 | ₹27,39,949 | ₹23,983 | ₹19,408 | ₹43,391 | ₹27,15,966 |
| 158 | ₹27,15,966 | ₹24,153 | ₹19,238 | ₹43,391 | ₹26,91,813 |
| 159 | ₹26,91,813 | ₹24,324 | ₹19,067 | ₹43,391 | ₹26,67,489 |
| 160 | ₹26,67,489 | ₹24,496 | ₹18,895 | ₹43,391 | ₹26,42,992 |
| 161 | ₹26,42,992 | ₹24,670 | ₹18,721 | ₹43,391 | ₹26,18,322 |
| 162 | ₹26,18,322 | ₹24,845 | ₹18,546 | ₹43,391 | ₹25,93,477 |
| 163 | ₹25,93,477 | ₹25,021 | ₹18,370 | ₹43,391 | ₹25,68,457 |
| 164 | ₹25,68,457 | ₹25,198 | ₹18,193 | ₹43,391 | ₹25,43,259 |
| 165 | ₹25,43,259 | ₹25,376 | ₹18,015 | ₹43,391 | ₹25,17,882 |
| 166 | ₹25,17,882 | ₹25,556 | ₹17,835 | ₹43,391 | ₹24,92,326 |
| 167 | ₹24,92,326 | ₹25,737 | ₹17,654 | ₹43,391 | ₹24,66,589 |
| 168 | ₹24,66,589 | ₹25,919 | ₹17,472 | ₹43,391 | ₹24,40,670 |
Year 15Opening₹24,40,670Principal₹3,25,733Interest₹1,94,961Payment₹5,20,694Closing₹21,14,937
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 169 | ₹24,40,670 | ₹26,103 | ₹17,288 | ₹43,391 | ₹24,14,566 |
| 170 | ₹24,14,566 | ₹26,288 | ₹17,103 | ₹43,391 | ₹23,88,278 |
| 171 | ₹23,88,278 | ₹26,474 | ₹16,917 | ₹43,391 | ₹23,61,804 |
| 172 | ₹23,61,804 | ₹26,662 | ₹16,729 | ₹43,391 | ₹23,35,143 |
| 173 | ₹23,35,143 | ₹26,851 | ₹16,541 | ₹43,391 | ₹23,08,292 |
| 174 | ₹23,08,292 | ₹27,041 | ₹16,350 | ₹43,391 | ₹22,81,251 |
| 175 | ₹22,81,251 | ₹27,232 | ₹16,159 | ₹43,391 | ₹22,54,019 |
| 176 | ₹22,54,019 | ₹27,425 | ₹15,966 | ₹43,391 | ₹22,26,594 |
| 177 | ₹22,26,594 | ₹27,619 | ₹15,772 | ₹43,391 | ₹21,98,974 |
| 178 | ₹21,98,974 | ₹27,815 | ₹15,576 | ₹43,391 | ₹21,71,159 |
| 179 | ₹21,71,159 | ₹28,012 | ₹15,379 | ₹43,391 | ₹21,43,147 |
| 180 | ₹21,43,147 | ₹28,211 | ₹15,181 | ₹43,391 | ₹21,14,937 |
Year 16Opening₹21,14,937Principal₹3,54,525Interest₹1,66,169Payment₹5,20,694Closing₹17,60,412
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 181 | ₹21,14,937 | ₹28,410 | ₹14,981 | ₹43,391 | ₹20,86,526 |
| 182 | ₹20,86,526 | ₹28,612 | ₹14,780 | ₹43,391 | ₹20,57,915 |
| 183 | ₹20,57,915 | ₹28,814 | ₹14,577 | ₹43,391 | ₹20,29,100 |
| 184 | ₹20,29,100 | ₹29,018 | ₹14,373 | ₹43,391 | ₹20,00,082 |
| 185 | ₹20,00,082 | ₹29,224 | ₹14,167 | ₹43,391 | ₹19,70,858 |
| 186 | ₹19,70,858 | ₹29,431 | ₹13,960 | ₹43,391 | ₹19,41,427 |
| 187 | ₹19,41,427 | ₹29,639 | ₹13,752 | ₹43,391 | ₹19,11,788 |
| 188 | ₹19,11,788 | ₹29,849 | ₹13,542 | ₹43,391 | ₹18,81,938 |
| 189 | ₹18,81,938 | ₹30,061 | ₹13,330 | ₹43,391 | ₹18,51,878 |
| 190 | ₹18,51,878 | ₹30,274 | ₹13,117 | ₹43,391 | ₹18,21,604 |
| 191 | ₹18,21,604 | ₹30,488 | ₹12,903 | ₹43,391 | ₹17,91,116 |
| 192 | ₹17,91,116 | ₹30,704 | ₹12,687 | ₹43,391 | ₹17,60,412 |
Year 17Opening₹17,60,412Principal₹3,85,862Interest₹1,34,832Payment₹5,20,694Closing₹13,74,550
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 193 | ₹17,60,412 | ₹30,922 | ₹12,470 | ₹43,391 | ₹17,29,490 |
| 194 | ₹17,29,490 | ₹31,141 | ₹12,251 | ₹43,391 | ₹16,98,350 |
| 195 | ₹16,98,350 | ₹31,361 | ₹12,030 | ₹43,391 | ₹16,66,988 |
| 196 | ₹16,66,988 | ₹31,583 | ₹11,808 | ₹43,391 | ₹16,35,405 |
| 197 | ₹16,35,405 | ₹31,807 | ₹11,584 | ₹43,391 | ₹16,03,598 |
| 198 | ₹16,03,598 | ₹32,032 | ₹11,359 | ₹43,391 | ₹15,71,566 |
| 199 | ₹15,71,566 | ₹32,259 | ₹11,132 | ₹43,391 | ₹15,39,306 |
| 200 | ₹15,39,306 | ₹32,488 | ₹10,903 | ₹43,391 | ₹15,06,819 |
| 201 | ₹15,06,819 | ₹32,718 | ₹10,673 | ₹43,391 | ₹14,74,101 |
| 202 | ₹14,74,101 | ₹32,950 | ₹10,442 | ₹43,391 | ₹14,41,151 |
| 203 | ₹14,41,151 | ₹33,183 | ₹10,208 | ₹43,391 | ₹14,07,968 |
| 204 | ₹14,07,968 | ₹33,418 | ₹9,973 | ₹43,391 | ₹13,74,550 |
Year 18Opening₹13,74,550Principal₹4,19,968Interest₹1,00,726Payment₹5,20,694Closing₹9,54,582
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 205 | ₹13,74,550 | ₹33,655 | ₹9,736 | ₹43,391 | ₹13,40,895 |
| 206 | ₹13,40,895 | ₹33,893 | ₹9,498 | ₹43,391 | ₹13,07,002 |
| 207 | ₹13,07,002 | ₹34,133 | ₹9,258 | ₹43,391 | ₹12,72,869 |
| 208 | ₹12,72,869 | ₹34,375 | ₹9,016 | ₹43,391 | ₹12,38,494 |
| 209 | ₹12,38,494 | ₹34,618 | ₹8,773 | ₹43,391 | ₹12,03,875 |
| 210 | ₹12,03,875 | ₹34,864 | ₹8,527 | ₹43,391 | ₹11,69,012 |
| 211 | ₹11,69,012 | ₹35,111 | ₹8,280 | ₹43,391 | ₹11,33,901 |
| 212 | ₹11,33,901 | ₹35,359 | ₹8,032 | ₹43,391 | ₹10,98,542 |
| 213 | ₹10,98,542 | ₹35,610 | ₹7,781 | ₹43,391 | ₹10,62,932 |
| 214 | ₹10,62,932 | ₹35,862 | ₹7,529 | ₹43,391 | ₹10,27,070 |
| 215 | ₹10,27,070 | ₹36,116 | ₹7,275 | ₹43,391 | ₹9,90,954 |
| 216 | ₹9,90,954 | ₹36,372 | ₹7,019 | ₹43,391 | ₹9,54,582 |
Year 19Opening₹9,54,582Principal₹4,57,090Interest₹63,604Payment₹5,20,694Closing₹4,97,492
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 217 | ₹9,54,582 | ₹36,630 | ₹6,762 | ₹43,391 | ₹9,17,952 |
| 218 | ₹9,17,952 | ₹36,889 | ₹6,502 | ₹43,391 | ₹8,81,063 |
| 219 | ₹8,81,063 | ₹37,150 | ₹6,241 | ₹43,391 | ₹8,43,913 |
| 220 | ₹8,43,913 | ₹37,413 | ₹5,978 | ₹43,391 | ₹8,06,500 |
| 221 | ₹8,06,500 | ₹37,678 | ₹5,713 | ₹43,391 | ₹7,68,821 |
| 222 | ₹7,68,821 | ₹37,945 | ₹5,446 | ₹43,391 | ₹7,30,876 |
| 223 | ₹7,30,876 | ₹38,214 | ₹5,177 | ₹43,391 | ₹6,92,662 |
| 224 | ₹6,92,662 | ₹38,485 | ₹4,906 | ₹43,391 | ₹6,54,177 |
| 225 | ₹6,54,177 | ₹38,757 | ₹4,634 | ₹43,391 | ₹6,15,419 |
| 226 | ₹6,15,419 | ₹39,032 | ₹4,359 | ₹43,391 | ₹5,76,387 |
| 227 | ₹5,76,387 | ₹39,308 | ₹4,083 | ₹43,391 | ₹5,37,079 |
| 228 | ₹5,37,079 | ₹39,587 | ₹3,804 | ₹43,391 | ₹4,97,492 |
Year 20Opening₹4,97,492Principal₹4,97,492Interest₹23,202Payment₹5,20,694Closing₹0
| Month | Opening balance | Principal repaid | Interest paid | Payment | Closing balance |
|---|---|---|---|---|---|
| 229 | ₹4,97,492 | ₹39,867 | ₹3,524 | ₹43,391 | ₹4,57,625 |
| 230 | ₹4,57,625 | ₹40,150 | ₹3,242 | ₹43,391 | ₹4,17,475 |
| 231 | ₹4,17,475 | ₹40,434 | ₹2,957 | ₹43,391 | ₹3,77,041 |
| 232 | ₹3,77,041 | ₹40,720 | ₹2,671 | ₹43,391 | ₹3,36,321 |
| 233 | ₹3,36,321 | ₹41,009 | ₹2,382 | ₹43,391 | ₹2,95,312 |
| 234 | ₹2,95,312 | ₹41,299 | ₹2,092 | ₹43,391 | ₹2,54,013 |
| 235 | ₹2,54,013 | ₹41,592 | ₹1,799 | ₹43,391 | ₹2,12,421 |
| 236 | ₹2,12,421 | ₹41,887 | ₹1,505 | ₹43,391 | ₹1,70,534 |
| 237 | ₹1,70,534 | ₹42,183 | ₹1,208 | ₹43,391 | ₹1,28,351 |
| 238 | ₹1,28,351 | ₹42,482 | ₹909 | ₹43,391 | ₹85,869 |
| 239 | ₹85,869 | ₹42,783 | ₹608 | ₹43,391 | ₹43,086 |
| 240 | ₹43,086 | ₹43,086 | ₹305 | ₹43,391 | ₹0 |
Assumes a fixed annual rate, equal monthly instalments and a reducing balance. Displayed amounts are rounded to the nearest rupee.
The basics
What is EMI?
EMI stands for equated monthly instalment. It is the amount paid every month to repay a loan over a chosen tenure. On a reducing-balance loan, the interest portion generally falls as the outstanding principal falls.
The same monthly payment can contain different proportions of principal and interest at different points in the schedule. The amortization breakdown above makes that change visible year by year and month by month.
This calculator is for estimates. Actual lender calculations may differ because of fees, taxes, insurance, rate changes and lender-specific rounding.
Worked example
₹10 lakh at 10% for 5 years
₹10,00,000 × 0.10 ÷ 12 × (1 + 0.10 ÷ 12)60
The estimated EMI is ₹21,247 per month. Total interest is approximately ₹2,74,823.
Interest rate
How interest rate affects EMI
For the same principal and tenure, a higher interest rate increases the monthly EMI and total interest. Comparing the total repayment—not only the EMI—shows the full cost difference.
Loan tenure
How tenure affects EMI
Extending the tenure generally lowers the monthly payment, but gives interest more time to accrue. A shorter tenure can cost less interest while requiring a higher monthly outflow.
Loan types
Home vs car vs personal loan EMI
| Loan type | Typical purpose | What to compare |
|---|---|---|
| Home loan | Purchase, construction or renovation of a home | Rate, tenure, processing charges and prepayment terms |
| Car loan | Purchase of a new or used vehicle | Rate, down payment, tenure and total repayment |
| Personal loan | Unsecured borrowing for a planned expense | Rate, fees, tenure and affordability of the EMI |
Questions, answered
EMI calculator FAQs
What is EMI?
EMI, or equated monthly instalment, is the regular payment made towards a loan. Each payment usually contains both interest and a portion of the principal, so the balance reduces over time.
How is loan EMI calculated?
This calculator uses the reducing-balance EMI formula with the principal, monthly interest rate and number of monthly instalments. It then builds an amortization schedule by applying monthly interest to the opening balance.
Does a lower interest rate always reduce EMI?
For the same loan amount and tenure, a lower interest rate generally reduces both the monthly EMI and total interest. The exact change depends on the principal and repayment period.
Does a longer tenure reduce the EMI?
A longer tenure usually reduces the monthly EMI because repayment is spread across more instalments. It can increase the total interest paid over the life of the loan.
Are these EMI results exact lender quotations?
No. The results are estimates based on the values you enter and do not include lender-specific fees, insurance, taxes, rate changes, rounding policies or other repayment terms.
Need another quick calculation? Try the Percentage Calculator for rate comparisons, the GST Calculator for tax-inclusive amounts, or browse all Chase Clarity tools.